U.S. Equity Market Outperformance

U.S. Equity Market Outperformance According to Gavekal, U.S. outperformance is mainly cyclical, not structural, and best investment opportunities could be in non-US assets. Image: Gavekal, Macrobond

Performance – Russell 1000 Value/Growth Month Returns

Performance – Russell 1000 Value/Growth Month Returns This month sees the strongest outperformance in small cap value since the 2000s (September return projected to month end). Image: BofA Global Investment Strategy

S&P 500 – S&P 5 vs. S&P 495

S&P 500 – S&P 5 vs. S&P 495 This chart highlights the outperformance of the biggest five companies in the S&P 500 vs. the remaining 495 stocks. Image: BCA Research

Performance – S&P 500 Tech vs. S&P 500 Banks Total Return Relative

Performance – S&P 500 Tech vs. S&P 500 Banks Total Return Relative Tech stocks have weathered the coronavirus panic. The outperformance of tech vs. banks is the biggest since the dotcom bubble and the Global Financial Crisis. Image: BofA Global Investment Strategy